An Empirical Study On The Impact Of Green Credit On Carbon Emissions

This paper mainly studies the impact of green credit on carbon emissions,takes industrial structure as an intermediary index,and analyzes the mechanism of action among the three.Through the establishment of simultaneous equations model,the provincial panel data of 30 provinces are analyzed to explore the internal relationship and effect intensity among green credit,carbon emissions and industrial structure upgrading.At the same time,the differences between the eastern,central and western regions of China are analyzed.The study found that in recent years,China’s green credit scale and proportion continued ascension,through green credit of low energy and green environmental protection industry investment increase gradually,but didn’t so to reduce carbon emissions,but also continues to improve,this is because the bank although green credit limits the financial support of high pollution,energy intensive industries,But at the same time,it also increases the input of social capital to the production factors of the secondary industry.Even if the unit carbon emissions are reduced,the increase of capital input will lead to the continuous increase of the total carbon emissions.Compared with the eastern,central and western regions,the eastern region has the highest proportion of green credit,which is mainly invested in the tertiary industry and has low carbon emissions.The proportion of green credit in western China is relatively low,and it is mainly invested in the primary and secondary industries,with high carbon emission.The total amount of green credit input and carbon emissions in central China continue to increase.This paper further proves that after commercial banks invest green credit funds into micro-individuals,they will exert an overall impact on the industrial structure and then affect the total carbon emission.Based on the study of the relationship among green credit,industrial structure optimization and carbon emissions,this paper puts forward suggestions on the current green credit policies and implementation measures of commercial banks.How to use green credit policy to reduce carbon emission in different regions is put forward their own views.